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Old 27.11.2007, 15:48
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Building a house to rent out...

Hi everyone who owns or rents out a house or has built in Switzerland and has any insight into the whole situation :-)

Just wanting to get some advice/feedback/thoughts? etc... on a project that we are in the middle of doing.

We are in the middle of building a house as part of a 4 house development project with my husband's family near Schaenis (south side of Lake Zurich, about 45 minutes from downtown).

It is an incredible log style house (www.kanadablockhaus.de) up on a hill in a small village about 5 minutes off the main motorway and will be a 4/5 Bedroom House with 3 bathrooms and open plan kitchen/dining/living room approx 200sq total. There will be a bit of a garden in the front and 2 closed garages.

We are hoping/planning for it to be done sometime around March and are planning on renting out the main house and keeping the small basement apartment for ourselves for when we go up to visit family.

Any ideas how soon we should start advertising the house for rent and does anyone have any advice as to how much would be reasonable to rent a house like that for in that area? Are there any websites or places we could look at to find out?

Do you think it would appeal to people working in Zurich or would you think it is too far to commute - its about 45 minutes away? (Personal opinions are welcome as I am wanting to get a feel for whether we should be looking for renters amongst those working in Zurich or not)

We really can't afford to have it sitting there not rented out once its done as the mortgage on it will be quite a bit!

I would pick your brains a bit about these issues (or if you have other comments about building/renting etc) if you don't mind contributing your two cents worth :-)

Cheers!
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Old 27.11.2007, 15:49
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Re: Building a house to rent out...

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Hi everyone who owns or rents out a house or has built in Switzerland and has any insight into the whole situation :-)

Just wanting to get some advice/feedback/thoughts? etc... on a project that we are in the middle of doing.

We are in the middle of building a house as part of a 4 house development project with my husband's family near Schaenis (south side of Lake Zurich, about 45 minutes from downtown).

It is an incredible log style house (www.kanadablockhaus.de) up on a hill in a small village about 5 minutes off the main motorway and will be a 4/5 Bedroom House with 3 bathrooms and open plan kitchen/dining/living room approx 200sq total. There will be a bit of a garden in the front and 2 closed garages.

We are hoping/planning for it to be done sometime around March and are planning on renting out the main house and keeping the small basement apartment for ourselves for when we go up to visit family.

Any ideas how soon we should start advertising the house for rent and does anyone have any advice as to how much would be reasonable to rent a house like that for in that area? Are there any websites or places we could look at to find out?

Do you think it would appeal to people working in Zurich or would you think it is too far to commute - its about 45 minutes away? (Personal opinions are welcome as I am wanting to get a feel for whether we should be looking for renters amongst those working in Zurich or not)

We really can't afford to have it sitting there not rented out once its done as the mortgage on it will be quite a bit!

I would pick your brains a bit about these issues (or if you have other comments about building/renting etc) if you don't mind contributing your two cents worth :-)

Cheers!
Advert on the website today and homegate.ch is the place to go...
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Old 27.11.2007, 16:04
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Re: Building a house to rent out...

it's a good distance out and slightly further than me. For someone with a car, it should be no problem - either A3 or A53 directions.

Besides, let them worry about the commute
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Old 27.11.2007, 16:22
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Re: Building a house to rent out...

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it's a good distance out and slightly further than me. For someone with a car, it should be no problem - either A3 or A53 directions.

Besides, let them worry about the commute
For a minute I thought you were recommending an Audi A3... I though, there is something wrong with him!! But, then I got it!


@rachvdg: For how much you should charge, it's a good idea to research what other similar properties are on offer near your house & see what the rent for those places would be. If there is nothing similar, I wonder if you couldn't work out an average rental price per m2 in the area.

Last edited by miniMia; 29.11.2007 at 14:14.
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Old 28.11.2007, 15:46
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Re: Building a house to rent out...

Hi,

Good idea about finding out average price per sq metre! I have been doing some research into property rental prices and they seem to vary a lot - ranging from around 2500 - 4000 Chf for similar sized places in a 20km radius so it seems that it really depends on certain things...

I guess I'll just have to keep researching...thanks again!
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Old 28.11.2007, 20:21
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Re: Building a house to rent out...

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Hi,

Good idea about finding out average price per sq metre! I have been doing some research into property rental prices and they seem to vary a lot - ranging from around 2500 - 4000 Chf for similar sized places in a 20km radius so it seems that it really depends on certain things...

I guess I'll just have to keep researching...thanks again!
Well, you can still get an average from there. Look less than 20km and for the same type of property, size, fittings (luxury fitting? "normal", below average) , garden size, etc.
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Old 29.11.2007, 14:10
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Re: Building a house to rent out...

I doubt you are marketing to your average Zürich based-worker, the commute is just a bit too far.

You could try discussing with someone at the Glarner Kantonalbank, the canton local banks are normally pretty switched on to local prices and rents. http://www.immolinth.ch/

You can also arrive at a rent based off the value of the house and an appropriate yield.

http://www.greaterzuricharea.ch/cont...o_cs2005en.pdf
http://www.greaterzuricharea.ch/cont...o_cs2006en.pdf

has some good overview of trends etc.

Daniel
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